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Friday, 04/05/2024 8:29:30 AM

Friday, April 05, 2024 8:29:30 AM

Post# of 21808
Next Week??? For now, I remain convinced that MMs are issuing naked shares to any retail trader placing an order to buy at .0001. For the love of me, I cannot understand how or why the SEC allows this. Nurturing the retail trade is one thing (actively promoting trade - MM's function as I understand it), but to what extent can MM's ensure that each and every share they issue without a physical share (certificate) to back the count? It appears unlimited.

I do not see myself as being that foolish to believe that all shares can and will be accounted for in the 'end'. For example - those shares converted to an audited physical share count of a buyer's shares when GTCH shares undergo a conversion upon a buyout. Corrupt as hell as I see it. Don't think that retail trader's interests are fully accommodated. No doubt within my belief is that the retail trader suffers any "loss" as a result of this 'slippery finger count' due to the fact that the company buying GTCH "eats" any broker accounting of "actual" GTCH shares on account...backed by certificate or not. Magically, all false GTCH O/S shares that exist at that time, do, in fact, become certified with the buyer's shares, diluting real value at that point.

Where is the 'fair' in that?
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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